2026 (5) TMI 229

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.... None ORDER PER SANJAY AWASTHI, ACCOUNTANT MEMBER: 1. This appeal arises from order dated 15.10.2025, passed u/s 250 of the Income Tax Act, 1961 (hereafter as "the Act") by Ld. Addl./JCIT(Appeals)-10, Mumbai. The main point in this appeal is that the assessee moved an application u/s 154 of the Act for allowing the benefit of exemption from taxation on the income shown in the returned of ....

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....t it was decided to proceed ahead with the adjudication with the help of Ld. DR. The Ld. DR pointed out the relevant dates and submitted that the time limits mentioned in the Act need to be followed in case the assessee wanted any exemption from taxation. 3. We have considered the submissions of Ld. DR and have gone through the record before us. The judiciary has consistently adopted an equitab....

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.... that the approach should be equitable and balancing. Similarly, the Hon'ble Delhi High Court in Delhi Maharashtriya Educational and Cultural Society v. CIT (Exemptions) [2025] 179 taxmann.com 689/307 Taxman 448 (Delhi) condoned a delay of 16 days in filing Form 10B, attributing it to an inadvertent error by the tax professional. The Court reiterated the settled legal position that a bona fide....